German finance minister suggested Greece could issue IOUs: report

German Finance Minister Wolfgang Schaeuble suggested in discussions with other eurozone finance ministers that Greece could issue IOUs as a means of interim financing, German newspaper Handelsblatt cited participants as saying. 

PHOTO: REUTERS

JUL 14, 20151:49 PM

[BERLIN] German Finance Minister Wolfgang Schaeuble suggested in discussions with other eurozone finance ministers that Greece could issue IOUs as a means of interim financing, German newspaper Handelsblatt cited participants as saying.

Mr Schaeuble suggested Athens could use IOUs to serve some of its domestic payment obligations, the newspaper said on Tuesday.

It said IOUs had been a topic of discussion again at a Eurogroup meeting on Monday.

REUTERS